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Daily: China’s rebar price at 2-year high, sales revive

On February 22, China’s rebar price rose to its two-year high after having nudged up for the fourth consecutive day since China was back to work from the Chinese New Year (CNY) break on February 18, and the daily sales of construction steel including rebar, wire rod and bar-in-coil revived to 101,029 tonnes/day , according to Mysteel’s monitoring.
On Monday, China’s national price of HRB400 20mm dia rebar surged another Yuan 74/tonne ($11.5/t) from February 20, a make-up working day in China, toYuan 4,656/t including the 13% VAT, and the trading volume was 7,502 t/don February5, the last day that Mysteel collected the daily trading volume before the


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